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Property profile & analytics
OFF-MARKET
Office Spaces
226 Westview Plz Dr, Waterloo, IL 62298-1253
Entity Owned
6-yr Hold
Free & Clear
Property ID
US28-2074876
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Lot
0.37 ac (16,117 SF)
Zoning code
WB2
APN
07-25-101-015-000
UPID
US28-2074876
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
226 Westview Plaza LLC · 6 yrs held
226 Westview Plaza LLC
since 2019
7 recorded transactions
Zoning & alternative use
WB2 · Waterloo, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waterloo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterloo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,352
Tax year 2023
Assessed value
$213,010
Assessed 2023
Previous assessed
$213,010
+0.0% YoY
Effective rate
6.27%
On assessed value
Assessed land
$18,750
Assessed improvement
$194,260
Land market value
$56,250
Improvement market value
$582,780
Total market value
$639,030
Applied tax rate
7,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.37 ac (16,117 SF)
Zoning code
WB2
APN
07-25-101-015-000
UPID
US28-2074876
Jurisdiction
MONROE
Zoning & alternative use
WB2 · Waterloo, IL
Zoning WB2 · permitted uses
WB2 · Waterloo, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterloo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.37 ac
Current owner
From public records · entity-resolved
226 Westview Plaza LLC
Entity
Free & Clear · 6 yrs held
Mailing address
226 WESTVIEW PLZ DR, WATERLOO, IL 62298-1253
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2025
—
226 Westview Plaza LLC
—
Deed
related
$125,000 · State Bank
Oct 6, 2022
—
226 Westview Plaza LLC
—
Deed
related
$395,000 · First National Bank Waterloo
Nov 4, 2019
—
226 Westview Plaza LLC
John F Blattner
Warranty Deed
related
—
Oct 11, 2019
—
John F Blattner
Blattner John F Trust
Quit Claim Deed
related
$169,000 · Dwight D Heberer
May 15, 2017
—
B & H Investments
—
Deed
related
$160,000 · First Nat'l Bk/waterloo
Mar 24, 2017
—
B & H Investments
—
Deed
related
$160,000 · First Nat'l Bk/waterloo
—
—
B & H Investments
—
Deed Of Trust
related
$160,000 · First Nat'l Bk/waterloo
—
—
B & H Investments
—
Deed Of Trust
related
$160,000 · First Nat'l Bk/waterloo
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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